SBI IMPS Service Charges Reduced wef 15 October 2017

SBI IMPS Service Charges Reduced wef 15 October 2017

SBI today announced that it has reduced its charges for IMPS transaction.

  • Transactions below Rs 1000 will be free.
  • IMPS Transactions from Rs 1000 to Rs 10000 will be charged Rs 1.
  • IMPS Transactions from Rs 10k to Rs 1lakh will be charged Rs 2.
  • Transactions from Rs 1 lakh to Rs 2 lakh will be charged Rs 3.
Lucky Grahak Yojana- Digital Payment Lucky Draw

Lucky Grahak Yojana

Lucky Grahak Yojana- Digital Payment Lucky Draw





Lucky Grahak Yojana- Digital Payment Lucky Draw - Promoting Digital India and cashless banking are one of the main objectives of our government. Now, working towards the same initiative, Government of India has launched Lucky Grahak Yojana and Vyapar Yojana, rewarding the customers through exciting cash prizes.

The prize money goes up to Rs 1 Crore and daily 15,000 people would get prize. The prize winner would be decided on the basis of lucky draw to be conducted in April-2017.

One important thing is that the draw is applicable from back date, i.e., from 8th November’2016, the day of demonetisation. Lucky draw has started from 25th December’2016 and will go for 100 days.

Thousands of people are going to get rewarded through this scheme. Government is spending around Rs 340 Cr for this Digital payment lucky draw.


Prizes under Lucky Grahak Yojana

There are various types of prize fixed under this lucky Grahak Yojana. There would be daily prizes, weekly prizes and Mega prize.

Daily Prize To Lucky Consumer

Daily prize limit is fixed as Rs.1000/- and 15000 people will get rewarded daily. This will go on for 100 days.

Mode of Transactions

Daily Winners

RuPay Card




AEPS ( Aadhar Enabled Payment System)


USSD *99#



Weekly Prize

Weekly  prizes are worth Rs 1 lakh, Rs 10,000 and Rs. 5000 for Consumers and the same will be distributed among 7000 consumers.

Mega Prize

At present it is decided that The Mega draw would happen on 14th April, on the day of Ambedkar Jayanti. There will be 3 prizes: 1st prize of Rs.1 crore, 2nd being of Rs.50 lacs and 3rd prize of Rs.25 lacs.

Who is eligible for Lucky Grahak Yojana

The prizes would be given to those consumers who pay using the cashless mode/digital payment. The payment should done from any of of the following mode.

  1. Unified Payment Interface (UPI)– This is mobile app based payment system. Most of the banks has integrated the UPI to their existing mobile apps. SBI Pay, PNB UPI, Axis Pay, BHIM and PhonePay are the standalone UPI apps.
  2. USSD *99# Banking– This system of payment is for those who don’t have a smartphone or internet. To use this type of payment you have to dial *99# from your feature phone.
  3. Adhaar Enabled Payment System (AEPS)– This payment system does not require phone, internet or signature. This is done on the micro ATM using your Adhaar and fingerprint. The merchant uses Aadhaar payment app to get money.
  4. Rupay Card– This may be debit or credit card like Visa and Mastercard. The NPCI has developed this payment gateway. All JanDhan Account holders have got this type of debit card

To know more about these payment methods, click here

Who are not eligible under Lucky Grahak Yojana

  1. Payments made through digital wallets like paytm, mobiwik, freecharge, buddy etc are not eligible under the scheme unless and until consumer has chosen UPI mode of transfer which is available in those wallets which have integrated with UPI like Phonepe.
  2. Any payment made through the Mastercard or visa Debit/credit card is not eligible for the Lucky Grahak Yojana
  3. Payments made through net banking are also not eligible.

Amount Limit for Lucky Draw

The scheme is mainly launched to promote digital methods of payment among lower class, poor class and middle class people which is why the lower and upper limit of money spend is limited by government. The digital and card payments of more than Rs 3000 would not be eligible for lucky draw and there is a minimum transaction limit of Rs 50. Every transaction between this limit would be eligible for lucky draw. The more you use the digital payments, more would be chance to get a prize.

Modus Operandi of Lucky Grahak Yojana

We have already told that transactions done through Rupay Card, UPI, USSD and AEPS are eligible under the draw. Now all of these transactions go through NPCI (National Payments Corporation of India) platform and NPCI will settle these transactions and also lucky draw will be decided on the base of these settlements.

In the first lucky draw conducted on 25th December, The NPCI has taken 8 crore transaction during 9 November to 24 December.

On daily basis, transactions are categorised on the basis of mode i. e. Rupay, UPI, USSD and AEPS and a lucky draw is conducted for each category. The NPCI uses especially developed software for this lucky draw. The computer selects the lucky winners of each category.

The lucky transaction IDs are communicated to the respective bank through which the transactions were initiated. The banks identify the account holder of that transaction and all of this will happens within 24 hours.

Now, the bank gives back the bank account numbers of lucky winner to the NPCI and NPCI credits the Rs 1000, in each of the account using the Niti Aayog funds. Thus after the announcement, the winners get Rs 1000 within 48 hours in their account.


How To Know The Result of Lucky Grahak Yojana

Follow the steps to find out if you have won under the Lucky Grahak and Digi Dhan Vyapar Yojana.

Go to the website

  1. Depending on whether you are a Consumer or a Merchant, click on the corresponding button
  2. In the box that appears next, provide the mobile phone number registered with your UPI/ USSD/ RuPay/ AEPS account
  3. You will receive an OTP, which you must enter in the box that appears in the middle of the screen
  4. Click the Try Your Luck button
  5. The next message will show if you have won under the Lucky Grahak Yojana and Digi Dhan Vyapar Yojana

If you have made a payment via the above mentioned approved methods but get the No Information Available message, you can provide more details, such as your card number in case of RuPay, VPA for UPI transactions, Aadhaar number for AEPS, and mobile number (once again) for USSD payments.

This is the first time government has launched any such scheme to reward consumers and each and every consumer should take benefit of the scheme.